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Ron Chalmers, edmontonjournal.com3 d( X+ x1 ?. e- X* [5 W P' F
Published: Wednesday, April 04, 2007
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; P, w! r+ N0 o2 ]5 a! MAverage house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.
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( U/ W9 a+ T j& [- Q“It is clear that housing prices have not yet peaked,” Carolyn Pratt, president of th Edmonton Real Estate Board said Wednesday, releasing the March sales figures from the Mutiple Listing Service.8 |1 P: q( \4 M/ j; v5 E' }) j5 b0 h
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Edmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.' l* n i Y+ z7 G1 Y# B
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In only the first three months of this year, average home prices have climbed 12.4 per cent, so Pratt has abandoned her earlier forecast of a 15 per cent increase for the full year.4 f& S1 Q; F& ~1 ^
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“We’re predicting that prices will continue to rise until August, at four to five per cent per month, then at two per cent per month,” she said today.
( F7 a! y! @1 ~1 p ?4 P$ l% z/ OAverage prices for single-family homes varied from $501,838 in Southwest Edmonton, and $484,168 in St. Albert, to $320,600 in Morinville, $312,730 in northeast Edmonton and $281,480 in central Edmonton. |
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